Premier offer 1 per cent discount on smaller companies

Premier Portfolio Managers is offering investors in its Small Companies Fund a 1 per cent discount on the initial charge until January 1, 2000.

According to the Premier the offer is to mark the above average performance of the fund in the year to October 1.

The fund has a pre-discount initial charge of 5 per cent and a 1.5 per cent annual management charge.

Premier&#39s managing director Jonathan Fry says: &#34There may be some fear in the marketplace that any future increases in rates will take the heat out of this sector.

&#34But economic conditions are much more stable than they were say 18 months ago, particularly in Japan and Russia, and while interest rates are likely to rise, they should not do so substantially.&#34

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